Hexaware has issued a statement addressing the patent lawsuit filed by Natsoft Corporation and its affiliate. Hexaware denies the allegations, asserting they are without merit. The company intends to vigorously defend its position through legal channels and challenge the validity of the patents. Hexaware does not anticipate material financial or operational impact from this lawsuit.
Hexaware Responds to Natsoft Lawsuit
Hexaware Technologies Limited has released a statement regarding a patent lawsuit filed by Natsoft Corporation and its affiliate, Updraft LLC. The lawsuit concerns allegations against Hexaware Technologies Limited and its subsidiary, Hexaware Technologies Inc.
Denial of Allegations
The company firmly denies all allegations presented in the lawsuit. Hexaware believes the claims are without merit and expects to be vindicated in the litigation. The company doesn’t expect the lawsuit to have any significant financial or operational consequences.
Legal Defense Strategy
Hexaware plans to vigorously defend its position through appropriate legal channels. The company is exploring all available options, including challenging the validity of the asserted patents and filing a motion to dismiss the complaint. Hexaware is confident it will prevail on the merits of the case.
Executive Commentary
Srikrishna Ramakarthikeyan, CEO of Hexaware, commented on the lawsuit stating, “Intellectual property disputes are an inevitable part of the technology industry’s relentless pace of innovation. Our platforms are the result of original engineering, and we’ll stay focused on delivering value. We’re confident in a positive outcome as the facts are reviewed.”
Platforms in Question
The platforms at the center of the lawsuit include Amaze®, Tensai®, and RapidX™. Hexaware maintains that these platforms are the result of original engineering, involving years of in-house research, development, and significant financial investment. The company claims these products offer more advanced functionalities than those claimed in the implicated patents.
Patent Protection
Hexaware notes that it has successfully filed and obtained patent protection for some of the methods embodied by Amaze® and Tensai®, underscoring their originality. Hexaware recently received a Notice of Allowance for a U.S. patent related to the Tensai® product; the patent is expected to issue shortly.
Platform Overview
Amaze® is Hexaware’s modernization platform, designed to refactor and migrate legacy applications. Tensai® ATOP (the Autonomous Testing Orchestration Platform) is the company’s automation and assurance platform. RapidX™ is a GenAl-era platform that creates a detailed X-ray of business logic in legacy code.
Impact on Operations
Hexaware anticipates no material change to its operations, customer commitments, partner programs, or financial position as a result of this lawsuit.
Source: BSE
